Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

PUC market cap 237 millions
cash 4.28. million
debt 4.75 millions

conversion price : 49 cents

8 Mar 2019 CONNECT
CHANG CHOON MING Disposed 23,350,000 shares

issue right issue price of RM0.10 per shares
Share on the basis of 3 Rights Shares for every existing Vsolar Share together with 2Warrants-B for every 3 Rights Shares subscribed

Iwcity Iskandar Project 10 years in Johor only completed Danga sutera and other projects have not progressed one piling also no do ,no buyer ,without money, and they without the ability to build big projects very lousy company. China Country garden early phase they sold out before they build ,you see for about 2 years, how fast they progress ...
https://www.youtube.com/watch?v=A1_VW3DLSGY

Greenland is the first china company construction progress early stage and stop the project jade palace is the first china company construction progress early and stop the project in johor nearly 3 years already because financial problems. Only country garden danga and R&F is completed project in pantai lido .
https://www.youtube.com/watch?v=Z3H0QqZA9z8

Iwcity Iskandar Project 10 years in Johor only completed Danga sutera and other projects have not progressed one piling also no do ,no buyer ,without money, and they without the ability to build big projects very lousy company. China Country garden early phase they sold out before they build ,you see for about 2 years, how fast they progress ...
https://www.youtube.com/watch?v=A1_VW3DLSGY

Greenland is the first china company construction progress early stage and stop the project jade palace is the first china company construction progress early and stop the project in johor nearly 3 years already because financial problems. Only country garden danga and R&F is completed project in pantai lido .
https://www.youtube.com/watch?v=Z3H0QqZA9z8

i am johor lang i live in jb..tebrauteguh you mislead people..those who no live in johor bahru also know ,have video have the evidence has the truth..

ABERDEEN STANDARD INVESTMENTS (MALAYSIA) SDN. BHD.
28 Jan 2019 Disposed 127,300
25 Jan 2019 Disposed 931,300
24 Jan 2019 Disposed 1,532,200
22 Jan 2019 Disposed 504,100
7 Jan 2019 Disposed 235,900
3 Jan 2019 Disposed 147,600

18 Feb 2019 KAREX GOH SIANG Disposed 450,000
13 Feb 2019 KAREX GOH SIANG Disposed 5,800,000 (40,000,000 shares 3.9910 %)

EDUSPEC 21 Dec 2018 LIM EEN HONG (22,000,000 shares Disposed (90,764,064 shares 9.06%)
LIM EEN HONG selling....want ...

Eduspec
cash 3.01 million
debt 33.12 millions
financial losses 48.46 millions

cash 199million ,long term debt 127millions,short term debt 1.056billions ,earning 6millions

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

23 Jan 2019 UZMA KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (185,600 units Disposed)
14 Jan 2019 UZMA KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (157,600 units Disposed)
8 Jan 2019 UZMA KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (891,100 units Disposed)
4 Jan 2019 UZMA KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (38,000 units Disposed)
UZMA LEMBAGA TABUNG HAJI (26,263,200 units Disposed)
6 Dec 2018 UZMA KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (17,800 units Disposed)
4 Dec 2018 UZMA KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (182,200 units Disposed)

FGV LEMBAGA TABUNG HAJI Disposed 283,710,100shares

BEHIND THE STORY: China-based firms under scrutiny
https://www.youtube.com/watch?v=htjJk0HF0bA

XINGHE MA GUOLIANG Disposed 23,800,000 (1,173,555,000 SHARES 45.6020 %)
MA GUOLIANG selling....want ...

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Post removed.Why?

BEHIND THE STORY: China-based firms under scrutiny
https://www.youtube.com/watch?v=htjJk0HF0bA

BEHIND THE STORY: China-based firms under scrutiny
https://www.youtube.com/watch?v=htjJk0HF0bA

Halim Saad ceases to be substantial shareholder in Sumatec
KUALA LUMPUR (Jan 24): Businessman Tan Sri Halim Saad has ceased to be a substantial shareholder of Sumatec Resources Bhd, after disposing of 197.3 million shares in the Practice Note 17 company for RM1.1 million.
Sumatec's filing with Bursa Malaysia today showed that Halim sold the block of shares via the open market on Jan 22. This leaves Halim with a 3.168% stake in the group following the disposal.
Halim, once Sumatec's largest shareholder, has been paring down his stake in the group since last year.
For the cumulative nine months ended Sept 30, 2018 (9MFY18), Sumatec posted a net loss of RM1.91 million compared with a net profit of RM1.88 million a year ago. Revenue fell 75.5% to RM2.99 million from RM12.19 million in 9MFY17.
On April 30, 2018, Sumatec announced that its external auditors Messrs Grant Thornton Malaysia had expressed a disclaimer of opinion on the group's audited financial statements for the financial year ended Dec 31, 2017 (FY17).
The auditors were unable to obtain sufficient appropriate audit evidence on the appropriateness of its going concern assumption.
Grant Thornton had highlighted that the group and the company had incurred a net loss of RM113.95 million and RM171.06 million respectively in FY17. The group and the company also recorded negative cash flows of RM15.33 million and RM9.86 million respectively on operating activities for FY17.
Sumatec shares ended the morning session down 0.5 sen or 50% to 0.5 sen today, with 1.86 million shares done, bringing a market capitalisation of RM21.26 million.

24 Jan 2019 HALIM BIN SAAD (197,298,800 units Disposed)
23 Jan 2019 HALIM BIN SAAD (62,748,000 units Disposed)
21 Dec 2018 HALIM BIN SAAD (54,390,000 units Disposed)

12 Dec 2018 HALIM BIN SAAD Disposed 25,000,000
6 Aug 2018 SUMATEC HALIM BIN SAAD Disposed 66,000,000
29 Jan 2018 SUMATEC HALIM BIN SAAD Disposed 127,000,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 14,200,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 9,570,000
13 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 6,076,200
12 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 3,000,000
11 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 25,500,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 10,000,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 22,500,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 6,000,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 8,000,000
6 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 19,000,000
6 Dec 2016 SUMATEC CHAN YOK PENG Disposed 36,799,000
2 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 77,731,000
20 Jul 2016 SUMATEC HALIM BIN SAAD Disposed 46,000,000

Sumatec lodges police report against former director
KAZAKHSTAN / 22 NOV 2018
PETALING JAYA: Sumatec Resources Bhd has lodged a police report against one of its former directors for possible breach of trust and committing offences under the Company Act 2016 by conducting certain transactions without the approval of the board of directors .
The group told the stock exchange that Independent Director and Chairman of the Audit Committee of the Board, Datuk Khalid Ahmad had on November 20 lodged the report with the Commercial Crime Department.
The decision to lodge the police report was made in accordance with the advice and order of the Board of Directors with the recommendation from the managing director to safeguard the interests of the company, the shareholders, other stakeholders and the public.
The director who was a board member of the company from 2003 to 2017 was also a director and shareholder of Tekad Mulia Sdn Bhd during the period in which the alleged act being committed.
“The director, in acting without board authority, was acting in conflict of interest in relation to the transactions involving the divestment of Semua International Sdn Bhd (SISB) and Collateralized Loan Obligation (CLO) Debt settlement (since he was also a Director and shareholder of Tekad Mulia Sdn Bhd), a substantial shareholder of the Company during the period in which the alleged act being committed. The Director has made certain undertaking to the Purchaser and Trustee, Malaysian Trustee Bhd and Bondholders in the Settlement Agreement 2013,” said Sumatec board of directors in the filing.
Checks with Companies Commission of Malaysia (SSM’s) records list former director Chan Yok Peng as a director and shareholder in Tekad Mulia.
The former director also allegedly placed the company’s seal on an agreement without the resolution of the board for a settlement agreement for a CLO Debt for the company’s previous subsidiary SISB. This resulted in Sumatec acknowledging the undertaking to settle around RM80 million, even though the liability has been waived.
He was also found to have been allegedly negligent in handling his duties in relation to the financing of vessels under the Company’s subsidiaries, SISB and Semado Shipping Sdn Bhd, by failing to ensure the takeover of the Sumatec’s guarantees to Bank Pembangunan Malaysia Bhd and Malayan Banking Bhd to Hoe Leong Corp Ltd , a company incorporated and listed on the Singapore Stock Exchange.
As well as failed to procure the guarantee and to replace the company’s guarantee from the controlling shareholder of SISB, Hoe Leong Corporation Bhd as stipulated in the Settlement Agreement 2013 and the company’s Circular to Shareholders dated May 30 2013, which has caused the company to be summoned and face winding-up proceeding for liabilities estimated at about RM350 million.
The director had allegedly acted alone and without the permission of the board of directors in signing the Parental Company Guarantee Agreement” dated May 2, 2016 to the Continental Industrial Supply And Services Limited Liability Company Partnership (CISS.)
This was to secure the payment of the Kazakhstan based oil and gas company, CaspiOil Gas LLP (COG) contract, which resulted in the company paying for arbitration proceedings of about US$6 million.

Halim Saad ceases to be substantial shareholder in Sumatec
KUALA LUMPUR (Jan 24): Businessman Tan Sri Halim Saad has ceased to be a substantial shareholder of Sumatec Resources Bhd, after disposing of 197.3 million shares in the Practice Note 17 company for RM1.1 million.
Sumatec's filing with Bursa Malaysia today showed that Halim sold the block of shares via the open market on Jan 22. This leaves Halim with a 3.168% stake in the group following the disposal.
Halim, once Sumatec's largest shareholder, has been paring down his stake in the group since last year.
For the cumulative nine months ended Sept 30, 2018 (9MFY18), Sumatec posted a net loss of RM1.91 million compared with a net profit of RM1.88 million a year ago. Revenue fell 75.5% to RM2.99 million from RM12.19 million in 9MFY17.
On April 30, 2018, Sumatec announced that its external auditors Messrs Grant Thornton Malaysia had expressed a disclaimer of opinion on the group's audited financial statements for the financial year ended Dec 31, 2017 (FY17).
The auditors were unable to obtain sufficient appropriate audit evidence on the appropriateness of its going concern assumption.
Grant Thornton had highlighted that the group and the company had incurred a net loss of RM113.95 million and RM171.06 million respectively in FY17. The group and the company also recorded negative cash flows of RM15.33 million and RM9.86 million respectively on operating activities for FY17.
Sumatec shares ended the morning session down 0.5 sen or 50% to 0.5 sen today, with 1.86 million shares done, bringing a market capitalisation of RM21.26 million.

SUMATEC halim saad Disposed 197,298,800shares
halim saad selling....want ...

24 Jan 2019 HALIM BIN SAAD (197,298,800 units Disposed)
23 Jan 2019 HALIM BIN SAAD (62,748,000 units Disposed)
21 Dec 2018 HALIM BIN SAAD (54,390,000 units Disposed)

12 Dec 2018 HALIM BIN SAAD Disposed 25,000,000
6 Aug 2018 SUMATEC HALIM BIN SAAD Disposed 66,000,000
29 Jan 2018 SUMATEC HALIM BIN SAAD Disposed 127,000,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 14,200,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 9,570,000
13 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 6,076,200
12 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 3,000,000
11 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 25,500,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 10,000,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 22,500,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 6,000,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 8,000,000
6 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 19,000,000
6 Dec 2016 SUMATEC CHAN YOK PENG Disposed 36,799,000
2 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 77,731,000
20 Jul 2016 SUMATEC HALIM BIN SAAD Disposed 46,000,000

Sumatec lodges police report against former director
KAZAKHSTAN / 22 NOV 2018
PETALING JAYA: Sumatec Resources Bhd has lodged a police report against one of its former directors for possible breach of trust and committing offences under the Company Act 2016 by conducting certain transactions without the approval of the board of directors .
The group told the stock exchange that Independent Director and Chairman of the Audit Committee of the Board, Datuk Khalid Ahmad had on November 20 lodged the report with the Commercial Crime Department.
The decision to lodge the police report was made in accordance with the advice and order of the Board of Directors with the recommendation from the managing director to safeguard the interests of the company, the shareholders, other stakeholders and the public.
The director who was a board member of the company from 2003 to 2017 was also a director and shareholder of Tekad Mulia Sdn Bhd during the period in which the alleged act being committed.
“The director, in acting without board authority, was acting in conflict of interest in relation to the transactions involving the divestment of Semua International Sdn Bhd (SISB) and Collateralized Loan Obligation (CLO) Debt settlement (since he was also a Director and shareholder of Tekad Mulia Sdn Bhd), a substantial shareholder of the Company during the period in which the alleged act being committed. The Director has made certain undertaking to the Purchaser and Trustee, Malaysian Trustee Bhd and Bondholders in the Settlement Agreement 2013,” said Sumatec board of directors in the filing.
Checks with Companies Commission of Malaysia (SSM’s) records list former director Chan Yok Peng as a director and shareholder in Tekad Mulia.
The former director also allegedly placed the company’s seal on an agreement without the resolution of the board for a settlement agreement for a CLO Debt for the company’s previous subsidiary SISB. This resulted in Sumatec acknowledging the undertaking to settle around RM80 million, even though the liability has been waived.
He was also found to have been allegedly negligent in handling his duties in relation to the financing of vessels under the Company’s subsidiaries, SISB and Semado Shipping Sdn Bhd, by failing to ensure the takeover of the Sumatec’s guarantees to Bank Pembangunan Malaysia Bhd and Malayan Banking Bhd to Hoe Leong Corp Ltd , a company incorporated and listed on the Singapore Stock Exchange.
As well as failed to procure the guarantee and to replace the company’s guarantee from the controlling shareholder of SISB, Hoe Leong Corporation Bhd as stipulated in the Settlement Agreement 2013 and the company’s Circular to Shareholders dated May 30 2013, which has caused the company to be summoned and face winding-up proceeding for liabilities estimated at about RM350 million.
The director had allegedly acted alone and without the permission of the board of directors in signing the Parental Company Guarantee Agreement” dated May 2, 2016 to the Continental Industrial Supply And Services Limited Liability Company Partnership (CISS.)
This was to secure the payment of the Kazakhstan based oil and gas company, CaspiOil Gas LLP (COG) contract, which resulted in the company paying for arbitration proceedings of about US$6 million.

TRX talks are ongoing, says Nexgram
Business Corporate Malaysia

Nexgram Holdings Bhd is still in negotiation to buy a parcel of land in 1Malaysia Development Bhd’s Tun Razak Exchange (TRX).
CEO Datuk Larry Tey Por Yee told The Malaysian Reserve that the company is trying to get the best price for the land, which is seen to be one of the stumbling blocks for the purchase.
“We are negotiating with them on several pieces of land at the moment, however, nothing has yet to be decided. We are still very cautious in terms of the cost and the kind of return we can benefit from. “However, if the margin is not that attractive because of the land price, then of course we will not proceed (with the negotiation),” Tey told reporters after the company’s EGM in Kuala Lumpur yesterday.
Early May this year, Nexgram was reported to be interested in purchasing the remaining land in TRX as it believed in the potential value of the development despite 1Malaysia Development Bhd (1MDB) being debt-ridden.
TRX is a brain child of 1MDB where it is set to be developed into Malaysia’s leading international finance and business hub.
The 28.32ha land is one of 1MDB’s high profile property projects.
Another development project in 1MDB’s portfolio is Bandar Malaysia.
According to Tey, Nexgram will continue to be prudent in acquiring land for its property business which it entered into three years ago.

debt 55.24million, cashflow 5.42milions ,financial losses 56.12millions

i am johor lang i live in jb...Cheng Yeow Ng you mislead people..those who no live in johor bahru also know ,have video have the evidence has the truth..

huge debt no money pay bank ,danga city johor force close, bank lelong....

0 revenue ,financial losses 700k,cash 10k no business
restructuring failed ,will delisting soon...

revenue 1.5millions ,financial losses 48millions,cash 40k
fake financial ,will delisting soon...

INVESTOR ALERT : BEWARE GNB ( 0045 )
https://klse.i3investor.com/blogs/muze/137020.jsp

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/